22.11.2022 - SOCIETY & FINANCE

The Balance Sheet Overindebtedness of the German Insurance State

by Sven Ebert

Tax revenues have been rising faster than GDP since 2007. The equivalent value often remains unclear due to a lack of balance sheets. Where there is transparency, it is clear that we are over-indebted. (in German only)

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At mid-year, prices for private household assets in the Euro area continued to rise, while at the same time signs of a trend reversal are clearly discernible. While real estate prices in the Euro area were still defying the changed conditions at mid-year, prices for business wealth, equities and bonds fell significantly. While asset prices actually declined in Finland, they rose significantly in Portugal and the Netherlands at mid-year.

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